The Federal Government has announced a number of measures to help stimulate the Australian economy and encourage business investment. The major implications for financing asset’s and equipment for small businesses are such: Accelerated Depreciation for Small Businesses source: Budget Paper No 2, p 19 The threshold below which small businesses can claim an immediate deduction for the cost of an…
Borrow up to $1 mil for your next home or investment property with no genuine savings and don’t pay any LMI with a 15% deposit. Criteria include: 1. No probation (unless they have moved to a higher paying job in the same industry) 2. Must have clean CRAA 3. No blemishes whatsoever, no late payments etc. 4. No debt consolidation…
Examples of unsecured business loans for self employed 100k Unsecured Quick Small Business Loans Unsecured Business Loan QLD Business Type Amount Requested Term Purpose for funds Solution Offered Traditional Funding Challenges Software Developer / IT $100,000 9 months Customer required funds for work in progress projects – the funds were required to expand workforce for the growing project scope requirements…
What Energy Assets can we finance? Solar Systems and Energy Efficient Lighting (LED) are the primary focus. Other energy assets can be considered on a case by case basis. If requesting finance for assets outside of solar systems and LED lighting, please contact us with the following details so a pre-assessment can be conducted: • asset description • unit cost…
It is commonly accepted that to avoid paying Lenders Mortgage Insurance (LMI) on a home loan you must contribute a minimum 20% deposit of the property’s purchase price. A deposit of 20% equates to an Loan to Value Ratio (LVR) of 80%. If your loan is above 80% LVR then in most cases (for example Medical professionals/graduates can borrow up…
When buying a home, many borrowers come across the term LMI (Lender’s Mortgage Insurance). If you’re purchasing with less than a 20% deposit, chances are you’ll need to pay it. In this guide, we’ll explain what LMI is, how it works, how much LMI costs in Australia, and when it applies. We’ll also show you ways to reduce or avoid…
LVR stands for Loan to Value Ratio. It is the percentage of money that you intend to borrow compared to the overall value of the property. To work out the LVR, divide the amount you are borrowing into the value of the property e.g. It can be calculated using the simple formula: (Property Value – Deposit)/Property Value x 100% The…
Does your SME have an outstanding business debt or ATO tax debt? We can refinance business debt up to 80% LVR (loan to value ratio) at residential home loan rates. Cash out for working capital is acceptable up to 80% LVR at residential rates. You can also purchase a business/commercial building with a residential dwelling as a security at up…
The Australian finance industry is one of the most sophisticated, innovated and regulated in the world. It is one of the safest since ASIC (Australian Securities and Investment Commission) introduced new uniform consumer credit laws know as NCCP to protect and inform consumers. Mortgage brokers will get paid a percentage of the total loan amount (from the bank or lender)…
